Prior to that article, we had written another one analyzing Visa and its growth prospects: “Visa: Growth And Room To Run.” In that article, we had stated that Visa would be a $100 stock by year end. After another strong Q3 earnings report, we see Visa fairly valued at $108/share.

Earnings

On July 20, 2017 Visa reported its Q3 2017 earnings in which the company reported both a top and bottom line beat. Revenue beat by $210 million, $4.57 billion vs. an expected $4.36 billion (+ 26% Y/Y). EPS of $0.86 also came in $0.05 higher than analysts expected.